GBP worth, Brexit information and evaluation:As shares tumbled Monday on fears of a coronavirus pandemic, GBP/USD held its floor.
GBP worth, Brexit information and evaluation:
- As shares tumbled Monday on fears of a coronavirus pandemic, GBP/USD held its floor.
- Whereas that may be a constructive signal for the pair, it’ll possible be offset by the beginning of UK-EU Brexit talks subsequent week which might be anticipated to be troublesome.
Brexit again in focus for GBP/USD
The UK and the EU are persevering with to take hardline positions forward of talks that start subsequent week on the long run relationship between the UK and the bloc. That is probably damaging for GBP/USD however up to now the pair has held its floor regardless of the persevering with concern in regards to the unfold of the coronavirus that hit danger property reminiscent of shares onerous Monday.
Negotiations are on account of start subsequent Monday, with each side persevering with to play hardball forward of the assembly. EU ministers are on account of meet later immediately to approve the EU mandate for the talks and UK ministers will meet to debate the federal government’s opening stance, with the ensuing doc on account of be revealed Thursday.
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Feb 25
( 11:02 GMT )
Recommended by Martin Essex, MSTA
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